2022 recorded the second-highest take-up level in Portugal, reaching 412,000 sq m

  • A total of 196,300 sq m of logistics spaces were occupied in Portugal in Q4 2022, standing as the best quarter ever recorded and leading to the second-best full year level.
  • Lisbon region recorded a strong activity with gross take-up totalling 94,820 sq m. Porto also registered a relevant activity in the logistics market in Porto, with take-up totalling 45,760 sq m
  • Vacancy rate in Lisbon has reached its historical minimum of 1%, which was driven by a strong demand not matched by new supply.
  • There were no changes in prime rents over the last quarter of the year.